rorty:::tort: DAILY: January adjusted sales rate hits 14.2M | Volt sales cool following government probe | Honda to spend $98 million to build CVT parts at Ohio plant

DAILY NEWSLETTER

February 1, 2012

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2012 JANUARY U.S. AUTO SALES
Chrysler, Hyundai set pace as industry sales rise 11%; SAAR hits 14.2M
Nissan, Ford, Honda and Toyota also advance but GM reports 6% dip

DETROIT -- Chrysler Group, Volkswagen Group, Hyundai and Kia set the pace as U.S. light vehicle sales rose 11 percent in January from a year ago, signaling the industry's recovery is gaining traction.
Chrysler's sales advanced by 44 percent last ... >> story Published: Feb 1 7:36 am U.S. Eastern time / Last changed: 2/1/12 4:31 p.m. ET

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Volt sales cool following government probe

DETROIT -- Chevrolet Volt sales dropped steeply in January -- a sign that negative publicity from a government safety investigation might have doused demand for the plug-in hybrid.
General Motors sold 603 Volts in January. While that was 87 percent ... >> story Published: Feb 1 12:40 pm U.S. Eastern time

Honda to spend $98 million to build CVT parts at Ohio plant

DETROIT -- Honda today said it will invest $98 million at its Anna, Ohio, engine plant to build pulley components for the company's continuously variable transmissions.
The CVTs are part of Honda's next-generation powertrain technologies aimed at ... >> story Published: Feb 1 10:34 am U.S. Eastern time

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MORE HEADLINES

Chrysler posts $225M in Q4 net income, finishes 2011 with a profit

Fiat's Q4 profit more than doubles on Chrysler earnings gain

Lamborghini SUV confirmed

Saab dealers will meet, probably for last time, at NADA

Mercedes-Benz names veteran Glaser to U.S. marketing post

Ford to extend Genk production stops by average one day a month

GM launches 2012 Camaro production

Jim Henry is a special correspondent for Automotive News
New regs a 2012 wild card

Auto lenders are cautiously optimistic about 2012. But they're worried about the potential for new government regulations -- which could affect auto dealers. ...

Read the blog Published: Feb 1 12:01 am U.S. Eastern time

Chad Halcom is the legal beat reporter for Crain's Detroit Business, an affiliate of Automotive News.
You knew the auto price-fixing probe was huge -- but not like this

It was more than a casual comment this week when, outgoing Acting Assistant Attorney General Sharis Pozen, in charge of the Justice Department's Antitrust Division, let it drop to reporters that the "auto parts investigation is the largest antitrust investigation the (department) has ever pursued." ...

Read the blog Published: Feb 1 1:43 pm U.S. Eastern time

Lindsay Chappell is the Mid-South bureau chief for Automotive News.
Mexico’s auto boom is about wages

Mexico’s star is ascending these days. Nissan just revealed plans to spend $2 billion on a new factory there, which is twice as much as an automaker typically spends on a big new factory. It signals that Nissan is laying the groundwork for what is sure to expand into a massive assembly plant in a few years. ...

Read the blog Published: Feb 1 1:15 pm U.S. Eastern time

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